Total Value Locked$37.44m
TVL by Chain
Ethereum$37.22m
OP Mainnet$215,879
Key Metrics
Fees 30d$103,593
Fees 30d by chain
Ethereum$101,629
OP Mainnet$1,964
Fees 7d$27,071
Ethereum$26,803
OP Mainnet$268
Fees 24h$3,913
Ethereum$3,879
OP Mainnet$34
Cumulative Fees$241,551
Ethereum$228,830
OP Mainnet$12,721
Revenue 30d$9,962
Revenue 30d by chain
Ethereum$9,765
OP Mainnet$195.91
Revenue 7d$2,682
Ethereum$2,656
OP Mainnet$26.73
Revenue 24h$387
Ethereum$384
OP Mainnet$3.40
Cumulative Revenue$23,838
Ethereum$22,580
OP Mainnet$1,255
Holders Revenue 30d$0
Holders Revenue 30d by chain
Ethereum$0
OP Mainnet$0
Holders Revenue 7d$0
Ethereum$0
OP Mainnet$0
Holders Revenue 24h$0
Ethereum$0
OP Mainnet$0
Cumulative Holders Revenue$0
Ethereum$0
OP Mainnet$0
Collateral Liquidated 30d$0
Collateral Liquidated 30d by chain
Ethereum$0
OP Mainnet$0
Collateral Liquidated 7d$0
Ethereum$0
OP Mainnet$0
Collateral Liquidated 24h$0
Ethereum$0
OP Mainnet$0
Cumulative Collateral Liquidated$0
Ethereum$0
OP Mainnet$0
Active Loans$28.13m
Protocol Information
Curve's isolated lending market infrastructure enables users to borrow or lend using stablecoin $crvUSD along with permissionless markets created from crypto-tokenized collaterals, where markets may be created permissionlessly. Positions are managed passively: if the collateral's price decreases, the system automatically sells off collateral in a ‘soft liquidation mode’. If the collateral's price increases, the system recovers the collateral.
Methodology
TVL: TVL is the sum of collateral and borrowed tokens held in LLAMMA AMMs and market controllers. Borrowed is total debt across all v2 markets.View code on GitHubFees: Total borrow interest paid by borrowers plus AMM swap fees from LLAMMA liquidation AMMs.View code on GitHubRevenue: Borrow admin fees accrued or collected by Curve DAO via per-market fee receivers.View code on GitHubHolders Revenue: Not applicable — protocol fees route to Curve DAO fee receivers, not CRV token holders.View code on GitHubCollateral Liquidated: Collateral and borrowed token taken from the borrower's LLAMMA position in Controller Liquidate events (hard liquidations). Self-liquidations, where the borrower closes their own loan, are excluded. Soft liquidation inside LLAMMA is not counted.View code on GitHubCompetitors
Curve LlamaLend V2 history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Jun 11, 2026 to Nov 9, 2026.
All-time high TVL: $44.85m on Oct 28, 2026. All-time low TVL: $44 on Jun 11, 2026.
Daily TVL, Oct 11, 2026 to Nov 9, 2026
| Date | TVL |
|---|---|
| Oct 11, 2026 | $40.44m |
| Oct 12, 2026 | $40.01m |
| Oct 13, 2026 | $40.8m |
| Oct 14, 2026 | $41.18m |
| Oct 15, 2026 | $41.78m |
| Oct 16, 2026 | $41.77m |
| Oct 17, 2026 | $42.21m |
| Oct 18, 2026 | $42.23m |
| Oct 19, 2026 | $42.32m |
| Oct 20, 2026 | $42.39m |
| Oct 21, 2026 | $42.4m |
| Oct 22, 2026 | $43.42m |
| Oct 23, 2026 | $43.48m |
| Oct 24, 2026 | $43.46m |
| Oct 25, 2026 | $43.22m |
| Oct 26, 2026 | $43.4m |
| Oct 27, 2026 | $43.5m |
| Oct 28, 2026 | $44.85m |
| Oct 29, 2026 | $42.94m |
| Oct 30, 2026 | $38.78m |
| Oct 31, 2026 | $38.02m |
| Nov 1, 2026 | $38.8m |
| Nov 2, 2026 | $39.13m |
| Nov 3, 2026 | $39.19m |
| Nov 4, 2026 | $39.1m |
| Nov 5, 2026 | $38.13m |
| Nov 6, 2026 | $37.31m |
| Nov 7, 2026 | $37.3m |
| Nov 8, 2026 | $36.87m |
| Nov 9, 2026 | $37.92m |
TVL at each month end, Jun 2026 to Nov 2026
| Date | TVL |
|---|---|
| Jun 30, 2026 | $8.35m |
| Jul 31, 2026 | $4.73m |
| Aug 31, 2026 | $30.38m |
| Sep 30, 2026 | $36.26m |
| Oct 31, 2026 | $38.02m |
| Nov 9, 2026 (latest) | $37.92m |
Fees, revenue and holders revenue by UTC calendar month, Jul 2026 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Jul 2026 | $4,845 | $487.11 | $0 |
| Aug 2026 | $35,105 | $3,559 | $0 |
| Sep 2026 | $71,257 | $7,147 | $0 |
| Oct 2026 | $99,856 | $9,621 | $0 |
| Nov 2026 (to date) | $34,401 | $3,411 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/curve-llamalend-v2
Frequently asked questions
What is Curve LlamaLend V2's TVL?
As of Nov 9, 2026, Curve LlamaLend V2 has $37.44m in total value locked. TVL has decreased 6.1% over the past 30 days.
What chains does Curve LlamaLend V2 operate on?
Curve LlamaLend V2 operates on 2 chains: Ethereum and OP Mainnet. Ethereum holds the largest share at 99.4%.
How much has Curve LlamaLend V2 generated in fees and revenue?
Over the past 30 days, Curve LlamaLend V2 generated $103,593 in fees. Of that, $9,962 was protocol revenue. Based on the trailing year, the annualized rate is $734,718 in fees and $72,507 in revenue.
How does Curve LlamaLend V2's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Curve LlamaLend V2 ranks #40 by TVL. The category holds $48.981b across 519 protocols, and Curve LlamaLend V2 accounts for 0.1% of that total. Similar protocols include Aave V3, Morpho Blue, Compound V3, Venus Core Pool, Curve LlamaLend, Gearbox, Exactly, Moonwell Lending, Unitus, and OmniBTC.
How much has been borrowed through Curve LlamaLend V2?
As of Nov 9, 2026, Curve LlamaLend V2 has $28.13m in active loans.